2016 Report – Taking Action: Accelerating a low emissions future

The Oil and Gas Climate Initiative (OGCI), whose members represent more than one-fifth of the world’s oil and gas production, is keen to develop new strategic partnerships with others working to limit climate change and to contribute more to the development and deployment of low emissions technologies.

We have prioritized our collaborative initiatives based on a strategic assessment of their impact on greenhouse gas emissions, the ability of our industry to help shape the outcome and the urgency required.

To help us meet our ambition, we are launching OGCI Climate Investments, a partnership that will enable us to invest $1 billion over the coming years to support start-ups and help develop and demonstrate innovative technologies that have the potential to reduce greenhouse gas emissions significantly.

Combined, OGCI members produce over one-fifth of global oil and gas production and over 10% of energy supply. Member companies include:

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